Voyage Management Software Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Voyage Management Software Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032



Growth Factors of Voyage Management Software Market

The voyage management software market size was valued at USD 195.9 billion in 2022, and the market is now projected to grow from USD 220.4 million in 2023 to USD 555.3 million by 2030, exhibiting a CAGR of 14.1% during the forecast period of 2023-2030.

The COVID-19 pandemic created significant opportunities on the voyage management software market growth as curbing coronavirus outbreak was prioritized. The COVID-19 pandemic affected international trade glide at an extraordinary speed and scale. The pandemic added about an unsightly period for an ugly duration for the marine industry due to regulations imposed on transporting all forms of shipments via waterways.

The voyage management software market share globally has been contributed due to the adoption of voyage optimization for effective management and fleet operations. Fleet operations are widespread and complex and require time management for stakeholders to detail the minor adjustments to guidelines and methods to be adopted and followed. Additionally, excessive climate conditions affect maritime operations negatively and disturb worldwide delivery chains.

Furthermore, there’s been a notable trend of rising need for software for managing complex supply chain operations and database management solutions. They contain a complex community of shipping corporations, shipments dealing with facilities, ports, and customs and regulatory agencies. The effectiveness and efficiency of maritime delivery chains are essential for agencies and economies globally.

Comprehensive Analysis of Voyage Management Software Market

The voyage management software market and information & communication technology industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the information & communication technology industry. These segmentations are methodically segregated by function. The function types include, financials, operations, chartering, others (analytics, accounting, claims and others).

The Asia Pacific region is conducive to the global voyage management software market, leading to a recall of USD 69.7 billion owing to increased R&D investments. Asian countries constantly boom their R&D investments, improve voyage management software, and optimize technological help for the nearby maritime industry.

The top players in the market play a crucial role in the information & communication technology industry assuring industrial prospectus growth and setting market standards. These players include, Wärtsilä (Finland), Veson Nautical (U.S.), MariApps Marine Solutions (Singapore), Vasco Systems Pte Ltd. (Singapore), Blue Water Trade Winds Pvt. Ltd. (India), ION Group (U.S.), Q88 LLC (U.S.), ONEOCEAN (U.K), Dataloy Systems AS (Norway), OrbitMI, Inc. (U.S.), The Ark Marine Solutions Pte Ltd. (TAMS) (Singapore), Herberg Systems GmbH (Germany), SEA/ (Maritech Services Limited) (Singapore), DANAOS (Greece), Marine Digital GmbH (Germany), and Nextvoyage Maritime Software Pte. Ltd. (Singapore) these market players provide a level-playing competitive landscape.

In December 2022, Bearing.Ai, a green delivery software powered by artificial intelligence, collaborated with Veson Nautical to integrate the Veson IMOS Platform with Bearing’s Carbon Intensity Indicator evaluation answers to coordinate records for voyage evaluation and short CII-correct modeling of ratings inside the voyage and wider strategic operations.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2019-2021

Growth Rate CAGR of 14.1% from 2023 to 2030

Unit Value (USD million)

By Function Chartering

Operations

Financial

Others (Analytics, Accounting, Claims, and Others)

By Region North America (By Function and By Country)

- U.S.

- Canada

- Mexico

South America (By Function and By Country)

- Brazil

- Argentina

- Rest of South America

Europe (By Function and By Country)

- U.K.

- Germany

- France

- Italy

- Spain

- Russia

- Benelux

- Nordics

- Rest of Europe

Middle East & Africa (By Function and By Country)

- Turkey

- Israel

- GCC

- South Africa

- North Africa

- Rest of the Middle East & Africa

Asia Pacific (By Function and By Country)

- China

- India

- Japan

- South Korea

- ASEAN

- Oceania

- Rest of Asia Pacific


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1. Introduction
1.1. Definition, By Segment
1.2. Research Methodology/Approach
1.3. Data Sources
2. Executive Summary
3. Market Dynamics
3.1. Macro and Micro Economic Indicators
3.2. Drivers, Restraints, Opportunities and Trends
3.3. Impact of COVID-19
4. Competition Landscape
4.1. Business Strategies Adopted by Key Players
4.2. Consolidated SWOT Analysis of Key Players
4.3. Global Voyage Management Software Key Players Market Share/Ranking, 2022
5. Global Voyage Management Software Market Size Estimates and Forecasts, By Segments, 2019-2030
5.1. Key Findings
5.2. By Function (USD)
5.2.1. Chartering
5.2.2. Operations
5.2.3. Financial
5.2.4. Others (Analytics, Accounting, Claims, and Others)
5.3. By Region (USD)
5.3.1. North America
5.3.2. South America
5.3.3. Europe
5.3.4. Middle East & Africa
5.3.5. Asia Pacific
6. North America Voyage Management Software Market Size Estimates and Forecasts, By Segments, 2019-2030
6.1. Key Findings
6.2. By Function (USD)
6.2.1. Chartering
6.2.2. Operations
6.2.3. Financial
6.2.4. Others (Analytics, Accounting, Claims, and Others)
6.3. By Country (USD)
6.3.1. United States
6.3.2. Canada
6.3.3. Mexico
7. South America Voyage Management Software Market Size Estimates and Forecasts, By Segments, 2019-2030
7.1. Key Findings
7.2. By Function (USD)
7.2.1. Chartering
7.2.2. Operations
7.2.3. Financial
7.2.4. Others (Analytics, Accounting, Claims, and Others)
7.3. By Country (USD)
7.3.1. Brazil
7.3.2. Argentina
7.3.3. Rest of South America
8. Europe Voyage Management Software Market Size Estimates and Forecasts, By Segments, 2019-2030
8.1. Key Findings
8.2. By Function (USD)
8.2.1. Chartering
8.2.2. Operations
8.2.3. Financial
8.2.4. Others (Analytics, Accounting, Claims, and Others)
8.3. By Country (USD)
8.3.1. United Kingdom
8.3.2. Germany
8.3.3. France
8.3.4. Italy
8.3.5. Spain
8.3.6. Russia
8.3.7. Benelux
8.3.8. Nordics
8.3.9. Rest of Europe
9. Middle East & Africa Voyage Management Software Market Size Estimates and Forecasts, By Segments, 2019-2030
9.1. Key Findings
9.2. By Function (USD)
9.2.1. Chartering
9.2.2. Operations
9.2.3. Financial
9.2.4. Others (Analytics, Accounting, Claims, and Others)
9.3. By Country (USD)
9.3.1. Turkey
9.3.2. Israel
9.3.3. GCC
9.3.4. North Africa
9.3.5. South Africa
9.3.6. Rest of MEA
10. Asia Pacific Voyage Management Software Market Size Estimates and Forecasts, By Segments, 2019-2030
10.1. Key Findings
10.2. By Function (USD)
10.2.1. Chartering
10.2.2. Operations
10.2.3. Financial
10.2.4. Others (Analytics, Accounting, Claims, and Others)
10.3. By Country (USD)
10.3.1. China
10.3.2. India
10.3.3. Japan
10.3.4. South Korea
10.3.5. ASEAN
10.3.6. Oceania
10.3.7. Rest of Asia Pacific
11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
11.1. Wärtsilä
11.1.1. Overview
11.1.1.1. Key Management
11.1.1.2. Headquarters
11.1.1.3. Offerings/Business Segments
11.1.2. Key Details (Key details are consolidated data and not product/service specific)
11.1.2.1. Employee Size
11.1.2.2. Past and Current Revenue
11.1.2.3. Geographical Share
11.1.2.4. Business Segment Share
11.1.2.5. Recent Developments
11.2. Veson Nautical
11.2.1. Overview
11.2.1.1. Key Management
11.2.1.2. Headquarters
11.2.1.3. Offerings/Business Segments
11.2.2. Key Details (Key details are consolidated data and not product/service specific)
11.2.2.1. Employee Size
11.2.2.2. Past and Current Revenue
11.2.2.3. Geographical Share
11.2.2.4. Business Segment Share
11.2.2.5. Recent Developments
11.3. DANAOS
11.3.1. Overview
11.3.1.1. Key Management
11.3.1.2. Headquarters
11.3.1.3. Offerings/Business Segments
11.3.2. Key Details (Key details are consolidated data and not product/service specific)
11.3.2.1. Employee Size
11.3.2.2. Past and Current Revenue
11.3.2.3. Geographical Share
11.3.2.4. Business Segment Share
11.3.2.5. Recent Developments
11.4. MariApps Marine Solutions
11.4.1. Overview
11.4.1.1. Key Management
11.4.1.2. Headquarters
11.4.1.3. Offerings/Business Segments
11.4.2. Key Details (Key details are consolidated data and not product/service specific)
11.4.2.1. Employee Size
11.4.2.2. Past and Current Revenue
11.4.2.3. Geographical Share
11.4.2.4. Business Segment Share
11.4.2.5. Recent Developments
11.5. Blue Water Trade Winds Pvt. Ltd.
11.5.1. Overview
11.5.1.1. Key Management
11.5.1.2. Headquarters
11.5.1.3. Offerings/Business Segments
11.5.2. Key Details (Key details are consolidated data and not product/service specific)
11.5.2.1. Employee Size
11.5.2.2. Past and Current Revenue
11.5.2.3. Geographical Share
11.5.2.4. Business Segment Share
11.5.2.5. Recent Developments
11.6. SEA/ (Maritech Services Limited)
11.6.1. Overview
11.6.1.1. Key Management
11.6.1.2. Headquarters
11.6.1.3. Offerings/Business Segments
11.6.2. Key Details (Key details are consolidated data and not product/service specific)
11.6.2.1. Employee Size
11.6.2.2. Past and Current Revenue
11.6.2.3. Geographical Share
11.6.2.4. Business Segment Share
11.6.2.5. Recent Developments
11.7. Q88 LLC
11.7.1. Overview
11.7.1.1. Key Management
11.7.1.2. Headquarters
11.7.1.3. Offerings/Business Segments
11.7.2. Key Details (Key details are consolidated data and not product/service specific)
11.7.2.1. Employee Size
11.7.2.2. Past and Current Revenue
11.7.2.3. Geographical Share
11.7.2.4. Business Segment Share
11.7.2.5. Recent Developments
11.8. ONEOCEAN
11.8.1. Overview
11.8.1.1. Key Management
11.8.1.2. Headquarters
11.8.1.3. Offerings/Business Segments
11.8.2. Key Details (Key details are consolidated data and not product/service specific)
11.8.2.1. Employee Size
11.8.2.2. Past and Current Revenue
11.8.2.3. Geographical Share
11.8.2.4. Business Segment Share
11.8.2.5. Recent Developments
11.9. Dataloy Systems AS
11.9.1. Overview
11.9.1.1. Key Management
11.9.1.2. Headquarters
11.9.1.3. Offerings/Business Segments
11.9.2. Key Details (Key details are consolidated data and not product/service specific)
11.9.2.1. Employee Size
11.9.2.2. Past and Current Revenue
11.9.2.3. Geographical Share
11.9.2.4. Business Segment Share
11.9.2.5. Recent Developments
11.10. OrbitMI, Inc.
11.10.1. Overview
11.10.1.1. Key Management
11.10.1.2. Headquarters
11.10.1.3. Offerings/Business Segments
11.10.2. Key Details (Key details are consolidated data and not product/service specific)
11.10.2.1. Employee Size
11.10.2.2. Past and Current Revenue
11.10.2.3. Geographical Share
11.10.2.4. Business Segment Share
11.10.2.5. Recent Developments
11.11. The Ark Marine Solutions Pte Ltd. (TAMS)
11.11.1. Overview
11.11.1.1. Key Management
11.11.1.2. Headquarters
11.11.1.3. Offerings/Business Segments
11.11.2. Key Details (Key details are consolidated data and not product/service specific)
11.11.2.1. Employee Size
11.11.2.2. Past and Current Revenue
11.11.2.3. Geographical Share
11.11.2.4. Business Segment Share
11.11.2.5. Recent Developments
11.12. ION Group
11.12.1. Overview
11.12.1.1. Key Management
11.12.1.2. Headquarters
11.12.1.3. Offerings/Business Segments
11.12.2. Key Details (Key details are consolidated data and not product/service specific)
11.12.2.1. Employee Size
11.12.2.2. Past and Current Revenue
11.12.2.3. Geographical Share
11.12.2.4. Business Segment Share
11.12.2.5. Recent Developments
11.13. Herberg Systems GmbH
11.13.1. Overview
11.13.1.1. Key Management
11.13.1.2. Headquarters
11.13.1.3. Offerings/Business Segments
11.13.2. Key Details (Key details are consolidated data and not product/service specific)
11.13.2.1. Employee Size
11.13.2.2. Past and Current Revenue
11.13.2.3. Geographical Share
11.13.2.4. Business Segment Share
11.13.2.5. Recent Developments
11.14. Vasco Systems Pte Ltd.
11.14.1. Overview
11.14.1.1. Key Management
11.14.1.2. Headquarters
11.14.1.3. Offerings/Business Segments
11.14.2. Key Details (Key details are consolidated data and not product/service specific)
11.14.2.1. Employee Size
11.14.2.2. Past and Current Revenue
11.14.2.3. Geographical Share
11.14.2.4. Business Segment Share
11.14.2.5. Recent Developments
11.15. Marine Digital GmbH
11.15.1. Overview
11.15.1.1. Key Management
11.15.1.2. Headquarters
11.15.1.3. Offerings/Business Segments
11.15.2. Key Details (Key details are consolidated data and not product/service specific)
11.15.2.1. Employee Size
11.15.2.2. Past and Current Revenue
11.15.2.3. Geographical Share
11.15.2.4. Business Segment Share
11.15.2.5. Recent Developments
11.16. Nextvoyage Maritime Software Pte. Ltd.
11.16.1. Overview
11.16.1.1. Key Management
11.16.1.2. Headquarters
11.16.1.3. Offerings/Business Segments
11.16.2. Key Details (Key details are consolidated data and not product/service specific)
11.16.2.1. Employee Size
11.16.2.2. Past and Current Revenue
11.16.2.3. Geographical Share
11.16.2.4. Business Segment Share
11.16.2.5. Recent Developments

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